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What is the "cheat sheet" formula, you ask? Oh, it's only the breakdown of the possibility of whether or not you actually HAVE to file a federal tax return! That's right: based on your income, if you consult with us, you might discover that a federal tax return is a no-go. Less time and headaches off your plate.

Generally speaking, we at #ITPN would agree. However, that headache won't be so bad given that not ALL deductions need to be itemized. So we can save you the trouble of gathering all those bits and pieces.

What kind of deductions don't need to be itemized? The student loan interest deduction is one, the IRA deduction is another. And then there's the moving expenses deduction. Your form 1040 actually has all of those non-itemized deductions at the very bottom.﻿

You know what that means? You have a deadline to pay taxes, but you can throw money to the Internal Revenue Service AS YOU GO throughout the year. Hence why your employer would send taxes via each paycheck, and at tax time, you either owe a little more extra, break even, or possibly get a refund.

But what happens when you're self-employed? What then?

Expect to keep up with the IRS yourself if you really think you'll owe more than $1K at tax time. You can get the help with deductions and credits, though, if you sign up with #ITPN (especially given the fact that you're self-employed!). You'll get 1099 (W-9) forms, obviously, and you'll be expected to make estimated payments on a quarterly basis — as if you're your own employer, paying those taxes right out of your paycheck every single time.

Just so you know, we understand: you might think there won't be any tax refund in your immediate future despite having some income your way (maybe you're self-employed with no deductions or credits?). So you're hesitant to even file for a tax return for that exact reason. You may even rightfully think you won't be able to pay that tax bill!

We urge you to consider this: the tax penalties for not filing are much worse. Here's why: let's say you end up with a balance that you have to pay. Know that the IRS will work with you if you work with US. Penalties, though? Once you're hit, you're hit. And there's no getting out of it.

Always file your tax return. Because when you do, you've locked our services in for good, making sure your taxes are paid up through collaboration, installments, payments, communication (if they need to be). So sign up today with the Income Tax Planning Network!﻿

You Heard It From #ITPN: You May Not Need to Pay Any Estate or Inheritance Tax

Of course, this wouldn't apply to just anybody, for obvious reasons. #Taxes are a muddled mess when it comes to exemptions, credits, write-offs, and different kinds of taxes you'd HAVE to pay provided you fall under the specific profile — and you may be wealthy enough where estate or inheritance tax becomes something you'd need to keep in mind. Unless….

Your estate may be valued at $5,430,000 or more! If that's the case, say good-bye to the estate tax. To add more awesomeness, six states levy the inheritance tax: Iowa, Maryland, Nebraska, New Jersey, and Pennsylvania. Two of those states — Pennsylvania and Nebraska — are the only states taxing for transfer of property from an estate to an inheritance.

So, in a nutshell, if you live in four of those six states, and you're quite wealthy, your children are going to be VERY happy with the tax credits when you pass on your property to them.

Learn more here at this link about other types of tax shelters and benefits, and be sure to register with us right now to get that tax return taken care of!﻿

And you know we at the Complete Real Estate Site are all about being complete. No stone unturned. No corner not investigated. Every piece of information communicated to Americans from West to East.

This is the USA. And we’re all about collaboration. So we thought it fitting to honor our country in the best way that goes above and beyond real estate, properties, and even a family walking past the threshold of their new home….

We’re really starting to get into this Twitter language with the “at” symbols and hashtags. Thankfully, we here at the Complete Real Estate Site see the need to modify the English language a bit given the influence of Twitter on the real estate market. In particular, it seems that this one real estate guru by the catchy name of @Starwise (alias: Pierre Roustan) has a certain affection for the content we’ve delivered in the real estate market, and it shows with the amount of visibility and interest among the social media community.

In Other Words: We Apparently Know What We’re Talking About at the Complete Real Estate Site

Research, research, research. We want to constantly be in the know about the content out there, and we also wanted to backtrack and see how content’s circulating in cyberspace. So what did we do? We gathered the top four tweets regarding everything from home selling to home buying in real estate. Check it out right here:

But just in case you wished for even more of that insider’s look on a real estate industry that could change at any moment, you can rest assured: here’s where you’ll find it, right here at the Complete Real Estate Site.

Patience, Daniel-San; Mr. Miyagi will teach you how to be a real estate guru. You said it best there! It’s all about patience. Paint the car, paint the house, paint the fence! Are you kidding me? It’s true, though; you have to be patient, thorough, and complete with your investigation of rental properties and apartment complexes, researching landlords to the hilt until you know what their favorite colors are! This isn’t a joke. This is the real deal.

Why Is Researching Landlords so Important?

For one thing, you’ll need a few items to ensure you’re following legal protocol and compliance. Landlord-tenant law’s very particular about a lot, so researching landlords will ensure you’re on the ball. Here’s a quick list:

Identification

Proof of Employment and Income

a Copy of Your Credit Report

That’s not to say you may face a landlord that’ll completely shut you out if you’re missing just one of these. This is where it’s not completely like the DMV, out of luck in renewing your driver’s license without a birth certificate, for example. These documents, though, will certainly help fast-track you toward signing your new lease on the day you view the property. This is crucial.

While researching landlords, too, don’t forget to bring all sorts of supporting documentation regarding repairs, pre-emptives for move-in inspections and other forms. You not only go through the process a lot faster — but a lot smoother.

Take a Number

Trust me. You’ll thank me for it. All that time and effort reviewing and researching landlords left and right might be a hassle at the moment, but you can rest assured: it’ll pay off in the end. As in you’ll be living in a rental that’s kept well, maintained, and you’ll have your landlord wrapped around your fingers.